Obama and Teddy Roosevelt: Both Progressives, Both Clueless about the Economy | Jim Powell | Cato Institute: Commentary

Obama and Teddy Roosevelt: Both Progressives, Both Clueless about the Economy | Jim Powell | Cato Institute: Commentary: 'Since the rise of industrial capitalism, however, the greatest fortunes generally have been made by serving millions of ordinary people.'

'TR confused the size of businesses with the size of markets. Many businesses were big, but markets were bigger, they were growing faster, and even the biggest businesses were losing market share.

Far from being monopolistic, the American economy of TR's time was intensely competitive.'